Geography, asked by SmartBoy9011, 1 month ago

How does the informal sector impact the GDP negatively?

Answers

Answered by pratyush1493
0

Answer:

The informal sector is a burden on the formal economy because of tax evasion that results in greater tax burden on the official sector; that is, a negative impact occurs in the form of less expenditure on public utilities, increased taxation, lower productivity and economic growth in the short run

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